Youngshkreli — Trading Ideas on TradingView

YoungShkreli is UP $600/btc long! get his update here What's up guys, As you (hopefully) know, I have been calling for $7,000 since I entered the market at ~$6,500. You can read about that and VAR here: or you could just click my name and review my work (highly recommended). I am NOT expecting us to hit $7,500 but I could be wrong. I am not exiting my position yet because I have no reason to - this is just my hunch (notice I don't bet on "hunches"). I am expecting this to turn around pretty soon and for me to be bearish and hopefully we will hit $5,000. But please do remember: I AM STILL LONG AS OF NOW. Do not short bitcoin here because of what I am saying, now is not the time. With all that said, if I am wrong, then we are likely to go to $7,500 - which is great because I will make money because I have been bullish for a while now. If I'm right, well, I just go short and make even more money! SUMMARY: I am currently long, but I am expecting not to be in the near future. So, I will label this post neutral. If I have been helpful, please like my work and follow me, it helps us both. Have a good day everyone! -YoungShkreli

Top Trader YoungShkreli has BOUGHT Bitcoin!What's up guys, YoungShkreli here Some people might get the impression that I only trade if the candle flips color, but my strategy is not that simple. It's slightly more sophisticated; it heavily considers risk management as well. Thus, a unique opportunity has come that allows me to buy bitcoin even though traditionally I would wait for confirmation or have a stop-buy order. So here's the deal. I have a massive short position. I have been accumulating shorts since $8200 and don't want to close my position, that said, I am suspecting bitcoin to bounce so what I have done is go long with some of the equity I've gained from my short position to reduce my short side risk. I've also gone long because I am expecting bitcoin to bounce for the next 4 days and want to catch that upside. I would close my shorts entirely if we had gotten a candle flip, but we will have to wait for that. Essentially what I have done is gotten into this trade early because I can appropriately manage the risk. My stop loss for this trade is going to be: $6150. I will leave the ball in your court, people. You can join me on this trade and put your stop loss at $6150 or you can wait for confirmation. I would recommend waiting for confirmation, but I have gone in early because I have a lot of extra equity from my short position and this trade can't possibly lose me money as a result. Also, I always go in SMALL relative to my account on the first day. I'm usually willing to risk 1-3% on a given trade. As I am proven correct and lock in profit, I then add to my position. I always add on the way down or up and always adjust my stop-loss to lock in more profit and reduce risk. SUMMARY: In the spirit of being open, I have disclosed to you all that I have reduced my net short position by using some of my new equity to go long. I do not know if we will close tomorrow green to validate this trade, I've gone in because I can handle the risk, have a clear stop-loss and am seeing a bounce happening very soon and it could be happening now. I DO NOT know if I will make money on this trade. I only know this is the best option for me given my circumstance. Tomorrow, if we close green, I will close my entire short position and I will add to my long position. Because I would have gotten in early, it's likely I will already be able to lock in a profit as well (hopefully). If you are short, I would recommend doing what I have done or closing some of your position if you don't want to buy bitcoin as a hedge. In addition, we are beginning to appear bullish as per the MACD's derivative approaching zero. We are also quite likely to close green tomorrow. Lastly, we are in oversold conditions. All are reasons I am expecting a bullish moment in Bitcoin. If I have been helpful, please like my work and follow me, it helps us both. -YoungShkreli

YoungShkreli says "expect a BOUNCE by August 18th"What's up guys, We made it to the third position on the daily top traders, so let's give ourselves a hand. I'm expecting bitcoin to bounce quite soon. I pointed out that "bullish" bear flag pattern in my last post, and it came true. As far as I've seen, I am the first to recognize this pattern in bitcoin. I do not trade it, but I take note of it. I just wanted to let you guys know I am expecting a bounce because I've been getting a lot of messages from weak hands telling me they want to see and I keep telling them no. HODL. This is not the time to sell people. Listen to your emotions, when you are afraid, you BUY. That said, I am still short bitcoin and will be until my stop is hit or we close on a green ashi. So, watch out guys, the long opp should come soon. That's it! Short, sweet and to the point. If I've been helpful, please like my work and follow me, it helps us both. Thanks all, you're the best. Remember why I do this. This is important. -YoungShkreli

Is a bounce for Bitcoin incoming?What's up guys, YoungShkreli here We made it to the first page of the active traders list earlier today! (means reputation went up a lot in a day) Not about Bitcoin, but I hope you'll read, it's kind of my makeshift mission statement: Before we talk about Bitcoin, I just want to tell you all that I'm really grateful for all of the support I've already gotten. I'm going to say this every now and again, but let me tell you all WHY I write these articles. I write these articles because I want to build a base here that I can carry to other platforms and grow and grow and grow. Once I have about 10,000 followers, I will make YouTube videos and other content that will be more comprehensive than these short posts (it takes many, many hours to learn all that I have to teach - reading will not be enough because I don't write everything that I am thinking/know - only the biggest chunks). Once I have about 100,000 YouTube subscribers, I will be selling courses/e-books/software/ etc. so that you can become ever more masterful. You do not NEED these things, my FREE services will get you mostly there, but if you want to learn EVERYTHING I know, you'll have to pay me because I need the money to do bigger things and because I have worked hard and failed many times to acquire the knowledge I have. None of these is my ambitious goal. My ambitious goal is to manage a billion dollar hedge fund. I want to run one of the largest and most successful hedge funds in history because I know I will be able to do a good job. Most people can't or are unwilling to learn how to trade/invest/be financially responsible and if they won't, I will pick up the slack for them if they invest with me or at least give them the tools to learn. I am going to DEDICATE my life to achieving these goals and helping people in this way because as soon as you start taking control of your finances, the sooner you begin to solidify your future and EVERYONE you care about's future. I believe this is my calling in life. I am not a religious person, but I am deeply spiritual and believe it is everyone's DUTY to make the world a better place. This is how I intend to do that. I'm excited for all of you to join me on this long journey that I've planned to take about 10-20 years (takes a long time to be trustworthy enough to control a billion dollars). We'll get to know each other pretty well :) About Bitcoin: I am not a buyer yet... but it looks like I COULD be in 24 hours as per my strategy. A gentleman earlier today asked me for my full strategy, in the messaging section, and I told him he'd have to pay me at least 10 million dollars for that information. Guys, I will not tell you everything I know until I actually have a billion dollar hedge fund. I will only share the bulk of it (trust me that's enough). That said, as I said in my first article, crucial elements to my strategy are based off the following truths about this market: 1) After a candle flip Ashi, you are more likely to have another Ashi candle of the same color than to flip color again. 2) If the candle flips in over-sold conditions, you are likely to have a strong bounce. 3) You must wait for confirmation before making a trade. So how can we apply this system to what we see now? Well, we are bouncing off of oversold conditions, and if we can close green, then there is a good chance we will bounce. So, and let me be very clear, I AM NOT A BUYER UNTIL THE ASHI CLOSES GREEN. It has not closed and won't for 24 hours, so the earliest I will buy is in 24 hours. In 24 hours, I will tell you what the plan is because then and only then will I know. I do not predict the charts. I read them. I do not buy the absolute bottoms (hard to impossible to do in a non v-reversal market) I buy near the bottoms when it is SAFE. Thank you everyone. I'm sorry for the long post :D If I have been helpful, please like my work and follow me, it will help us both. -YoungShkreli P.S. There is so much outside of trading that I can help you all with as well, more to come in the future.